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CNN
Dec 30, 2012 2:00pm PST
president obama is right, that those making less than $250,000 should be protected. the republicans, of course, want to raise that level so there it will be some higher income categories that receive the same protection from tax increases. as part of a package, overall package, i'm following sit down and talk about that personally, only one element, the whole question mark tend is what's fair what will reduce the deficit, what's something we can live with as a nation? >> let's talk numbers. you talking about 400,000 dollars a year income level? maybe more? i know republicans are trying to get more than that. >> they are trying to create a larger class of people protected from increase in the income tax beyond the 2% that would have to pay for -- >> what but personally? what could you go for? >> i don't want to bargain with myself here around you can't do it in isolation. what you need look at is the entirely theny of things but got to be willing to give it you know? the nature of this whole process compromise, some things which beyond we can't go, period. >> when it comes to comprom
CNN
Dec 27, 2012 10:00pm PST
and become the obama tax cuts, right? i think that's what conservatives and republicans should be most worried about from a long-term political perspective right now. i mean, in a sense, they have sort of -- they have won a particular policy battle in the sense that most of the bush tax cuts, both parties believe should be extended. right? we're talking about 97%, 98% of the bush tax cuts. you could say that's a policy win for republicans, but if those tax cuts ended up getting branded as obama's tax cuts that he passed after we went over the fiscal cliff, it then loses whatever upside there was for republicans, except, and we have to mention this, for republicans vulnerable to primary challenges, there's obviously a lot of anxiety about being, you know, the first republican in 20 years to vote for a tax increase. i think that's the big fear, that it's been so long. republicans haven't cast this kind of vote. you don't want to be the first one to do it. >> yeah, and charles, we're told the democrats may be waiting until the very last minute. maybe they're banking on pressure and the go
CNN
Dec 29, 2012 1:00am PST
is right about the problem facing republicans right now, right, which is that the incentives for each individual member of the house of representatives, everybody republican member, are in a sense to oppose president obama as strongly as possible because most of them represent safe seats where the biggest danger is a primary challenge from the right. but the incentive for the party as a whole is the legislative landscape is tilted very strongly against republicans right now, taxes are going to go up in some sense no matter what and for the long-term future of the party, it's probably better to retreat and find new ground if fight on. so much you have those sort of duelling imperatives at work. >> thank you both and we'll see what happens on monday. >> more breaking news coming up. a rare case of lawmakers over on the senate side actually getting something done, something that the hard-hit survivors of hurricane sandy are counting on. >> and the people who got the job of going after unethical lawmakers and bipartisan efforts to eliminate those watch dogs. keeping them honest. >>> more
CNN
Dec 31, 2012 1:00am PST
may end up compromising? >> well, the level at which taxes will rise above where they are right now, so obama's insistence has been, if you make over $250,000 a year, on the income over 250 you pay a little more in the new rates he's proposing. now, he's been willing -- it's been reported that he's gone as high as 400,000 in the negotiations with boehner. so that's a place for agreement. the other place is the estate tax. the estate tax is scheduled to rise by quite a bit at the stroke of midnight tomorrow night. republicans want to keep it low, democrats want it to go up a little bit. there's room for compromise there. and so, you know, it's not just marginal rates that are going up, there's a series of taxes that they're going to change. the thing that could not be settled today was this change cpi. essentially a benefit cut for social security recipients. that led to a breakdown in negotiations today, because republicans wanted those benefit cuts to social security. and democrats said no way. and that was the sticking point and that's when this thing moved from the senate over to
CNN
Dec 28, 2012 4:00pm PST
and the law is seen largely as retaliation for an act signed by president obama that restricts human rights abusers from traveling into the u.s. >>> two military officials tell cnn the syrian government is now using more accurate iranian-made missiles. this week the sources say the regime fired at least two of those short-range ballistic missiles in an attempt to hit syrian targets more accurately. the use of these weapons has prompted nato to send patriot missile systems to protect turkey. they're expected to be in place by the end of january. >>> a 24-year-old woman has been arrested in connection with the 21 man who ambushed and killed two firefighters when called to a house fire in upstate new york. police announced today she purchased the rifle and shotgun used in the estimate echristmas attack. she told the gun shop she would be the true owner but she purchased the guns for aex con who is not allowed to possess guns. >>> since january there have been more people murdered on the streets of chicago than american soldiers killed in afghanistan. in chicago, homicides are up 17% and shooti
CNN
Dec 26, 2012 1:00pm PST
. whether that can be achieved is still very much up in the air. as of right now, president obama has gone back to his original demand that the bush era tax cuts be extended only for the first $250,000 in earnings. the white house is talking to senate democrats about what their proposal may look like. but as of yet, neither is in communication with congressional republicans. and as the white house hashes out details of the reid plan with senate democrats, it's at this moment unclear exactly what form it will take, what it will look like, other than to deal no doubt wheith tax cuts. details may not be released for a few days as they try to get republican support, yes, but also try to put pressure on speaker boehner by moving a vote in the senate closer to the new year. trying to say to house republicans and the speaker take up this bill that we may pass or take the blame for going over the fiscal cliff. joe. >> brianna keilar in hawaii there. there's a fight over what programs to keep funding when it comes to the fiscal cliff and it's not just between republicans and democrats. to explain t
CNN
Dec 27, 2012 4:00pm PST
and the senate, to pass this. >> right up to the edge. thank you, dana. thank you, jessica. now, right now, the most likely deal on the table seems to be that scaled-down proposal president obama suggested last fright. just to recap, extend tax cuts on household income under $250,000, that's 98% of americans. extend unemployment insurance. that's important. and likely extend the alternative minimum tax fix. but is this bared down plan something house republicans can really get behind? "outfront" tonight to answer that question, republican congressman tom mcclintock of california, a member of the house budget committee. mr. congressman, good to see you. could you back that scaled back plan to avoid going over the fiscal cliff? >> as i said all along, republicans don't want taxes to go up on anyone. if we have an impasse on january 1st, they go up on everyone. so at some point, i think that we republicans have got to realize that if we can't save everybody, we need to try to save as many people as possible. that's not advocating a tax increase. if a lifeguard sees ten people drowning off his
CNN
Dec 27, 2012 8:00pm PST
as retaliation for a law president obama signed that restricts russian human rights abusers from traveling to the u.s. >>> our fourth story "outfront" tonight, arming our school principals. a proposal by arizona attorney general tom horn to give guns to school principals is gaining some support. horn says school shootings like the one in newtown, county, could be prevented if a school employee were armed and trained to use a gun. at least 36 investigators and three sheriffs are now backing the proposal, including sheriff paul babu of arizona, who's written, "the nra is correct. we need a cop in every school. we have a people problem, not a gun problem." sheriff paul babeu is "outfront" tonight. thank you for joining us. >> thank you, john. >> sheriff, i understand the attractiveness of this proposal, an armed guard, a school member training with a weapon. but let's look at the facts, going back to columbine and virginia tech, columbine, they had two armed guards on the campus at the time, virginia tech had 34 armed guards. yet 13 killed in columbine, 32 at virginia tech. so the evidence, s
CNN
Dec 29, 2012 3:00am PST
there right now. president obama says he's modestly optimistic about the prospects for a deal after meeting with top political leaders. and now it's up to the senate to come up with and agree upon a plan. senate majority leader harry reid and mitch mcconnell say they are hoping to have a plan ready for a vote when both houses reconvene on sunday. >>> in michigan, republican governor rick snyder signed a new abortion law for his state. the controversial measure requires any clinic that performs more than 120 abortions a year to become a quote licensed free standing surgical outpatient facility. it also takes steps to ensure pregnant women are not being coerced into a decision and includes rules that a physician must follow to, quote, properly and respectfully dispose of fetal remains. supporters say the bill protects the patients. critics argue it will force clinics to shut down and restrict access for women. >>> a tail of two cities as chicago's homicide rate increases topping 500 murders in the year, by the way. new york city's on pace for the lowest murder rate since 1963. that is when th
CNN
Dec 31, 2012 6:00am PST
again. but ultimately the way this is going to happen is because the american people say that's right. >> reporter: now remember president obama put vice president biden in charge of what's essentially a task force between different agencies and he has said he wants recommendations really right about now on exactly some recommendations for congress to move forward on. but we know that president obama has urged congress and will continue to do so in the new year to pass an assault weapons ban. to pass a ban on high capacity ammunition clips and to close the gun show loophole so all gun purchasers are suggest to background checks and he also wants to address the mental health issue. >> thank you. appreciate it. >>> if you were watching, the nfl playoffs are set. joe carter is here to tell us who is in and who is out. sunday was exciting. >> thank you. good morning. it was an emotional year, emotional day in indianapolis. head coach chuck pagano back on the sidelines. he's been out since september after being diagnosed with leukemia. arian foster tapping the chuck strong banner after sco
CNN
Dec 28, 2012 1:00pm PST
the fiscal cliff. right now, the leaders of the house and senate are sitting down with president obama in a search for an 11th hour deal to prevent severe tax hikes and spending cuts from automatically kicking in with the new year. cnn's chief white house correspondent jessica yellin is getting new details. jess can ka, what are you hearing about that meeting? >> reporter: candy, the president is going to explain or reiterate the position he took on friday, that he would like a plan that extends tax rates for people who make $250,000 and below but raises them for those who make more than that. that it extends unemployment benefits for americans. and if the president, i'm told will say if he does not get an agreement to that plan, he will ask the other leaders what they can agree to, what what they would like instead. if they cannot come up with a proposal that will pass the house and the senate, will ask for a vote on his measure. but that meeting, candy, is still going on. congre congressional leaders arrived at the white house for a last-ditch meeting just days before a new year's de
CNN
Dec 23, 2012 6:00pm PST
of the last month e-mailing each other about barack obama and mitt romney. you were tearing me off a new one, i believe is the american phrase, for what you perceived to be my lack of support for the president. >> that's right. >> i was more interested in the debate. it was a good one. i found it informative. >> i sent you articles. >> you did. your man won. >> your man didn't? >> i don't have a voice in the race. i'm british. my argument was i wondered whether mitt romney could be better for the american economy. >> god, no. >> given his background. you were having none of it. >> do you know why? there have been businessmen who turned presidents. hoover, the first george bush. businessmen. there were a couple of others. lousy presidents. businessmen make lousy presidents. >> why have you been so consistently supportive of obama? >> i can't even imagine thinking about what would happen to the supreme court if a republican were the president. you know? i mean, citizens united is a horrible thing people can spend and waste this amount of money on elections? think of the people that could benef
CNN
Dec 26, 2012 4:00pm PST
down on tv, the bad debate fumbles. let me imitate president obama and won. >> exactly. >> you are right. you know what, he is never been a good debater. there was nothing terribly bad about that. >> it was bad. >> listen, i want you all to look back on youtube at mccain oba obama. he wasn't that good. >> he wasn't a five star recruit in the previous debates. but in that one, he got cut. that was bad. >> it made the campaign that much more interesting because it changed the dynamics. >> but it changed. >> the number three. fumble. >> so, mr. president, how do you handle promises that you have made when you are running for election and how do you handle it? i mean what do you say to people? do you just you know i know, people -- i thought make it was an excuse. what do you mean shout ut up? >> just the weirdness of that moment. >> if you expect a comment on that. >> i'm out. >> love it. >> i'm out. >> i was in the hall that night, i was sitting there going what is he talking about. >> me too. >> this is another thing. hollywood legends are always bad at giving speeches. >> they
CNN
Dec 29, 2012 10:00am PST
taxes from 35% up to 43.6% because you have to add both the obama care tax that's coming and the tax -- the disappearing bush tax increase. >> right. >> and this hits primarily, as you know, small business owners and people who file subchapter-s corporations. >> not primarily. it hits some of those people. >> well, over half of all the small business income that gets -- ends up paying this higher rate, if you do it, and the last time we did this, more than two-thirds of the people who got hit were the subchapter-s corporation. i think it would have a very significant effect. but mostly the other effect it has is that we're not cutting spending because we're spending too much money. and that sends a very bad signal. if we're not going to do entitlement reform, because every time we talk about it obama says, no, let's raise taxes instead, now we're dealing with tens of trillions of dollars of unfunded liabilities that were not -- for four years obama's done nothing on entitlement reform. nothing, nothing, nothing, for four years. a lot of golf. nothing on entitlement reform. what has h
CNN
Dec 29, 2012 4:30am PST
obama that poses u.s. travel and financial restrictions on human right s abusers in russia. good morning. you were in the process of adopting a 13-year-old boy named -- and his name is daniel from an orphanage in siberia. >> yes. >> tell me the status. is that on hold right now? >> it's definitely on hold because of the law that putin just signed in. but i'm ever hopeful that things are going to change. and i'm hopeful that better communication between both countries might cause putin to rethink the thing he just signed. >> how far along were you in this process to adopt him before the ban went into effect? >> well, i had already met daniel. i had lived over there for a few months in 2010 and spent a great deal of time with him. i completed my dossier. the region created a law banning u.s. adoptions before the country did. and that was just recently changed but, unfortunately, not enough time for me to kind of squeeze in before putin signed this law. >> i want to hear more about daniel. i know he's 13. he has fetal alcohol syndrome. and as i understand it, one of the last times you were
CNN
Dec 27, 2012 4:00am PST
right now of john boehner and president obama. john boehner from your state of ohio. there are a lot of people that say if the deal were between these two guys, it would be made. the problem is john boehner can't agree to something with president obama and then take it back to his own party. >> well, and vice versa. a year ago august the president couldn't agree to the deal he needed another $400 billion in revenue. look, if the president and senator reid and john boehner all said to me today it's written, let's put simpson-bowles on the floor, i guarantee you given the urgency we could cobble together something to solve this problem but nobody is willing to pull the trigger. everybody wants to play the blame game. this blame game is about to put us over the edge. >> the problem, of course, which you don't personally face because you didn't run for this new congress is a poll that we have that was taken very recently that says -- we asked who would be more responsible if the fiscal cliff occurs. 48% of respondents say the gop in congress. 37% blame -- would blame president obama and
CNN
Dec 29, 2012 7:00am PST
measure is on its way to president obama's desk. supporters say it will stop terrorists right in their tracks. opponents say it could lead to abuse. 00 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. share brotherly love. share one up's. mom ? mom ? the share everything plan. lets your family share a pool of data across 10 devices with unlimited talk and text. get a spectrum 2 by lg for $49.99 >>> there are dramatic image coming to us from the moscow airport where a russian plane has crashed. russia's interior ministry said the plane overshot the runway. eight people are on board, four are reported killed. four others are seriously injured. the redwing flight broke into pieces. smoke is billowing from the aircraft. the plane was heading from the czech republic. >>> people across
CNN
Dec 28, 2012 12:00am PST
big time because we spent most of the last month e-mailing each other about barack obama and mitt romney. and you were tearing me off a new one, i believe is the american phrase, for what you perceived to be my lack of support for the president. >> that's right. >> i was more interested in the debate we were having. it was a very good one, actually. i found it very informative. >> i kept sending you articles. >> you did. and your man won. >> your man didn't? >> no, i didn't have a horse in the race. i'm british. i can't vote. i don't have the right. but my argument to you was i wondered whether mitt romney could be better for the american economy. >> god no. you know why? >> you were having none of it. >> do you know why? there have been businessmen who have turned presidents, i think herbert hoover, george bush, the first george bush. businessmen. i think there was a couple of others. lousy presidents. businessmen make lousy presidents. >> why have you been so consistently supportive of obama? >> i can't even imagine thinking about what would happen to the supreme court if a repu
CNN
Dec 30, 2012 5:00am PST
obama to consider is the extent to which some of their behavior is driven more by the need to be right and look good than about what is really in the best interest. it seems like a simple thing, but when people can become aware of some of these deeper patterns, they can shift off of them and be more adult and make better decisions. so my advice would be become more effectively aware of things driving them. >> do you think there's either one more at fault than the other? >> you know, they probably at this point speaker boehner simply because he's more backed into the corner. president obama has the better hand, and everybody knows that. as a function of that, boehner has to consider what are his options? his options are conscripted. when they're conscripted, people act more unconsciously and people go back to old patterns. the advice would serve boehner a little more than obama, but let's not be fooled here. even when things are in our favor, we still are seduced into this kind of behavior. >> we hope that some of the powers that be have been watching this, and we do hope we get past th
CNN
Dec 25, 2012 6:00am PST
't forget the tornado threat in louisiana today. >> all right. thank you, bonnie. >>> first lady michelle obama is in the christmas spirit. the white house just released this picture of the first lady answering calls from children who called norad santa tracker control center to ask about old saint nick's big trip around the globe. mrs. obama watched the progress along with children nationwide last night. with the obama family home for the holidays in hawaii we couldn't help but wish everybody a hawaiian merry christmas h morning. ♪ here we know christmas is green and bright ♪ ♪ sunshines by day and all the stars at night ♪ >> you know what's next, don't you? i this movie. >>> brianna is in hawaii right now traveling with the obama family. so merry christmas, brianna. what are the obamas doing today, i wonder. >> to you as well, carol. there's nothing on the president's public schedule so we don't know exactly what they're doing but presumably they're doing what most -- many americans will be doing on this christmas. still very early, of course, here on a oahu. it's about 4:00 a.m
CNN
Dec 30, 2012 9:00am PST
at the media. "state ufrts of the union" begi right now. >> we are at the precipes of a very big thing. today the cliffhanger, president obama takes to the sunday air waves to make his case. we get response from olympia snow, bob corber, and congressman labrador. cutting through the clutter of the fiscal cliff and 2016, yes 2016, with a.b. stoddard of the hill, "the washington post," "time" magazine's michael crowley and jessica yellen. i'm candy crowley. this is "state of the union." we still don't know if a deal is in the works or out of the question. mitch mcconnell promised aen update as soon as he had any news to make. that could happen when the senate convenes a rare sunday session of congress. looking to dominate his side of the story while leaders wrangle on the details, president obama made his first sunday show appearance in three years, sitting down with nbc's david gregory this morning to talk about the fiscal cliff. >> i'm arguing for maintaining tax cuts for 98% of americans. i don't think anybody would consider that some liberal left wing agenda. that used to be considered a re
CNN
Dec 26, 2012 10:00pm PST
with that. >> alice, you say you believe president obama and democratic congressional leaders prefer to go over the cliff so they can raise taxes, cut defense spending and blame the gop but republicans have the option of locking in tax cuts for most americans right now. >> to further that note, sure, i think the president wants to do this because as you said he can increase taxes, continue cuts on the military and point the finger at the republicans. the truth of the matter is we need to have serious spending cuts. this is not an issue that will be resolved with taxing either way. we need to address serious spending issue swres in the country. the truth is boehner and house republicans pointed out the house issued legislation that would extend the current tax -- the bush-era tax cuts and erase military cuts. it is in the senate's hands and they need to act on that. something that came up this afternoon that is critical and a reminder in the entire scenario. secretary geithner issued a letter today warning the country we are going to hit the debt ceiling on new year's eve. this is a stark r
CNN
Dec 29, 2012 9:00am PST
whitfield. here are the top stories we are following right now. >>> that fiscal cliff. we are at the very edge. senate leaders are working through the weekend trying to reach a deal before the deadline. today president obama called on lawmakers to meet their deadlines and responsibilities and forge a compromise to avoid tax hike and spending cuts from taking effect. lisa desjardins is live on capitol hill. what's going on right now? >> reporter: right now it's all behind closed doors, martin. what we just have learned in the last hour, in fact, what reporters have seen here, a surprise. house speaker john boehner was here at the capitol. we're still trying to sort out exactly why he was here, but he wasn't here for very long, it seems. he left in the last hour. also, we were able to see some of senator mcconnell's staffers. i was able to speak to one of them coming in and out of these kind of closed-door planning meetings. he said they've been here since 9:00 a.m. they plan to work all day and we may see his boss, senator mcconnell, later today. that shows us kind of where things stand. i
CNN
Dec 27, 2012 1:00am PST
. most wealthy people agree with that. >> let me bring alice in here. you say you believe president obama and leaders prefer to go over the cliff so they can raise taxes and blame the gop, but. >> rob:s do have the option of locking in tax cuts for most americans right now. >> i think the president does want to do that because as you said he can increase taxes, continue cuts on the military and point the finger at. >> rob:s. but the truth of the matter is we need to have serious spending cuts. this is not an issue that is going to be resolved with taxes right away. the house has issued legislation that would extend the tax cuts and also erase military cuts. and it's in the senate's hands and they need to act on that. but something else that came up, it's critical and a reminder in this scenario, secretary geithner issued a letter today warning the country that we are going to hit the debt ceiling on new year's eve. this is just a stark reminder that we have out of control spending in this country and congress needs to wake up and smell the coffee that the spending needs to be addressed fi
CNN
Dec 28, 2012 6:00am PST
and to be able to pay their rent. >> what's your response? >> she's absolutely right. that's exactly what president obama has proposed. he's proposed a plan that would extend all the middle class tax cuts and provide extended unemployment benefits for people who are out of work through no fault of their own who are still looking for a job. that's exactly the proposal the president has put forward. that's exactly the proposal that we have asked to have a vote on in the house of representatives. we haven't asked speaker boehner to support the bill. we have just asked them to have a vote on exactly the kind of proposal that you and that caller were talking about. >> we are now four days out. we'll see what happens. congressman, thank you very much. >> thank you. >>> we're back after another break. >>> you know her from tv and movie, but you may not know what she's dedicated her life to, giving back. here's big stars, big giving and eva longoria. >> i'm being pulled in a million different directions. sex trafficking in thailand or dolphins in japan. you can't do everything. so i'm thinking wh
CNN
Dec 24, 2012 2:00am PST
moments for you with obama? i would imagine one of them was when he came out so vocally for gay rights finally. >> absolutely. that's great. >> what else? >> what else has he done? is >> that you're particularly proud of him for doing. >> his stance for women, women, the power of women, or not allowing -- just for that one reason, in my show, i would say, well, i'm not going to tell you -- my limited concert tour. i would say, i'm not going to tell you who to vote for, but if you want clean air and good food and so forth, and if you believe that a woman has a right to choose what happens in her own body or you think your body belongs to the state, there's a clear choice. how could you -- thank god that akin and mourdock came out with those extremist views. i thought keep talking, boys. keep talking. >> how about when you watched the footage of those moments? neither had a clue they said anything so contentious. >> that's so scary. >> you could reach the point of potentially becoming a senator and actually have no clue that what you're saying is deeply offensive to many people. >> right
CNN
Dec 29, 2012 4:00am PST
thought that people would do the right thing with respect to fiscal policy. look, we wouldn't be in this circumstance, you know, president obama actually extended these tax cuts with the intent that washington would take a more reasonable look at how we can phase in fiscal policy in a way that wouldn't do damage to the overall economy. and i think that's something we really have to be concerned about. you said earlier, you know, the average worker making 3,500 -- would see their taxes go up 3,500 should we go over the fiscal cliff. that's a significant impact to individual citizens. and so we should be very concerned about that and what that might mean to the broader economy, which some of us, i think, could put us in a mild recession next year. >> what is it with washington? what is it with our elected leaders they can't come up with a deal at this point? they have to wait to make it a cliff hanger. we saw this with the debt ceiling debacle last summer and now again. do they think this is a popular move? a good move? what's wrong with them? >> alison, you know, look, the re
CNN
Dec 24, 2012 8:00am PST
obama, but it's very much up to congress to do something here going into the new year. as of right now, this may surprise you, but there are basically no discussions going on. the white house, senate democrats, they are not in discussion with how republicans and senate republicans in any substantive way. that may seem troubling to you because in order to work out some sort of deal to make it through congress, all parties need to agree to something. but as of right now, they are not talking. all eyes now turning to the senate, which will reckoconvene thursday. harry reid has the task of trying to cobble something together that can get some republican support in the senate and also get some republican support in the house and make it through congress. that's a difficult task. the white house saying they want the threshold for income tax rates expiring to be $250,000 and above. they are back to their initial negotiating position. and so between that and the lack of discussions going on, you sort of understand why you're hearing from democrats and republicans this pessimism about going ove
CNN
Dec 31, 2012 4:00pm PST
they voted on them. i thought that was a good idea. obama campaign promising the negotiations would be on c-span. what they're doing right now is fundamentally wrong and not likely to help very much, and just leads us to the next crisis, which will be over the debt ceiling, to be followed by another crisis. >> i'm going to ask you to stick around if you can. >> unfortunately, i can't, but i do want to wish you a happy new year despite the fact that you're in washington. >> mr. speaker, to you and the entire family, we wish you a happy new year as well. we'll see you back here in washington at some point, i'm sure. >> take care. >> thank you very much. we'll get senator rand paul's perspective on what's going on. the republican senator from kentucky, when we come back. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot
CNN
Dec 27, 2012 2:00am PST
and that the house will somehow pass before he brings it to the table, is that right? >> i think senator reed and the white house are in close consultation. he's been a tremendous ally of president obama's in the senate, for better or worse. each side has its own view of that. right now i think you're likely to see senator reed move a version of the bill that's acceptable to president obama or attempt to. it's not clear whether mitch mcconnell or other senators in the republican party will allow that to move forward. if something passes in the senate, i think it's likely that the house will follow suit. i think that takes the pressure off john boehner a little bit in terms of bringing something to the floor that his minions don't love. >> take care, drew. >>> two firefighters shot and wounded on christmas eve are improving and starting physical therapy. joseph hoffstetter and the other firefighter were shot after being called to a fire. we are starting to hear the 911 calls. >> multiple firemen down. multiple firemen shot. i am shot. i think it was an assault rifle. >> volunteers from other a
CNN
Dec 26, 2012 7:00pm PST
. >> they could have had a more popular message about cutting deficit spending, right? >> the truth is they would have been a lot better off taking the deal that boehner was negotiating with president obama way back when. it was a better deal all the way around. they missed that moment. but i think the real thing is who pays the price. the people who are going to pay the price are the americans, the middle class. this is crazy. it's nuts to be putting us through this. >> all of the focus on tax cuts. but the revenue from increasing the taxes on the wealthy will barely make a debt in the deficit to say nothing of the trillions in debt we're talking about. is this just a symbolic fight this the president is determined to win off his election? >> it's not symbolic. there will be money raised if the taxes are left to expire. but let me just bring up a point. no democrat and certainly not this president has said there should be no spending cuts. on the contrary this president has put on the table an extraordinary amount of spending cuts to the chagrin of many democrats i might add. are they to the ext
CNN
Dec 27, 2012 8:00am PST
right away. ask your doctor about cialis for daily use and a 30-tablet free trial. >>> you're looking live at president obama just coming off the stairs of air force one at andrews air force base. cut short his holiday vacation. he left hawaii last night after less than a week there. he had to come back, had to be in washington in time to deal with the looming fiscal cliff just five days away. jessica yellen waiting for him at the white house. great to see you. what can the president do at this point, i guess, is the big question. and are aids still hopeful for a deal before january 1st? >> taking your second question first, hopefully, yes. confident, i would say that's going too far. at the white house they are frowning about what they consider recalls trance on willing to compromise. what can the president do, he can con joel all sides closer to some sort of agreement. from the democrats perspective what they think needs to be done is to get senate leader mcconnell to agree not to filibuster any action in the senate and then get speaker boehner to agree to put a bill forward on the
CNN
Dec 27, 2012 9:00am PST
. >> all right. ian lee, thank you very much. appreciate it. >>> president obama back in washington today to tackle the so-called fiscal cliff. he landed about 30 minutes ago. you see him getting off of the air force one. the president shut his vacation short do deal with this economic crisis. according to a tweet from a white house spokesman, the president spoke with all four congressional leaders before leaving hawaii for washington, and the senate is reconvening today. now the automatic spending cuts and the tax increases that make up the fiscal cliff, they're set to take effect in just five days. much more on the fiscal cliff crisis, the effort to reach some kind of agreement later this hour. we're going go live to capitol hill for the latest as the senate returns to work. that is coming up in about 20 minutes. >>> and president obama's going to have another cabinet position to fill for the new year. we learned a short time ago apa lisa jackson is stepping down after the president's state of the union speech in january. jackson starting with the agency as a staff level scientist back
CNN
Dec 29, 2012 5:00am PST
night, if you listened to president obama. >> i think they have to sound optimistic. the last thing they want to do is not sound optimistic. here's the problem. we've come right to the 11th hour. the fact there's going to be a substantive deal that comes out in the 11th hour is probably nailed to zero. in my sense, it's easier to go over the cliff. then there's clarity, right? taxes up, spending cut. the market will know what is going to happen. it can only get better from there, because then you'll guess legislators that come to the table, that try to cut taxes and raise some spending and they'll argue it from a positive point of view and stand up and say, rah, rah, look what we did. right? it won't get any worse if we go into the cliff. if there's a band-aid, confusion, no clarity. the market will probably react more negatively than actually going over the cliff. i think that's what investors have to be concerned about. now, that being said, i don't think the market's going to crash by any sense, because i think there's a lot of money still on the sidelines that needs invested, bu
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